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HECM Lenders

HECM Lenders – August 2017

We’re pretty sure everyone reading this already knows about the changes HUD announced Tuesday, but if not you should definitely check them out. So once ...

HECM Lenders – July 2017

HECM endorsements declined -12.1% to 4,254 loans. That drop completed the round trip back to February volume levels after a large increase in March, although ...

HECM Lenders – June 2017

HECM endorsements dropped -0.4% to 4,837 loans. That’s neutral at best on the face of it, but it’s surprising that just 1 of the 9 ...

HECM Lenders – May 2017

HECM endorsements dropped again in May, down -3.6% to 4,854 loans. This was a smaller drop than April and paints a picture of gradual decline ...

HECM Lenders – April 2017

HECM endorsements dropped -6.1% to 5,036 loans in April. Any drop is negative, but in this case the decline still puts the industry at the ...

HECM Lenders – March 2017

HECM endorsements gained 21% to 5,364 loans in March, marking the second highest total seen in the last 3+ years. We’d guess that the majority ...

HECM Lenders – February 2017

HECM endorsements dropped -3.3% in February, continuing a slow decline from the recent high reached in December. Just 4 of the 10 regions grew in ...

HECM Lenders – January 2017

HECM endorsements dropped -1.7% in January, backing down slightly from the jump in December. 6 of the 10 regions actually rose, but with the top ...

HECM Lenders – December 2016

Happy New Year! Hope everybody had an opportunity to spend some time family and friends over the holidays. The industry ended the year with a ...

HECM Lenders – November 2016

HECM endorsements declined -0.7% in November, continuing to bump along below 4,000 loans per month as has been the case for much of the year. ...

HECM Lenders – October 2016

HECM endorsements rose 4.8% in October, continuing the up and down gyrations as we head into year end. Active lenders grew 6.6% in the month, ...

HECM Lenders – September 2016

HECM endorsements declined -14.7% in September, making the August jump look more like an outlier for now than a new growth trend. All 10 geographic ...

HECM Lenders – August 2016

HECM endorsements rose 24.1% in August to 4,387 loans in a welcome reprieve from the prior three months below the 4,000 loans/month level. Volume was ...

HECM Lenders – July 2016

HECM endorsements dropped -6.3% in July, totaling just 3,534 and marking a new low for the year in two of the past three months. Four ...

HECM Lenders – June 2016

HECM endorsements rose 3.4% in June to 3,771 loans, recovering a piece of the big drop in May. Although it was small, the increase was ...

HECM Lenders – May 2016

HECM endorsements dropped dramatically in May to 3,646 loans – a full -14.1% decline from April. That’s the lowest monthly total since August 2014 as ...

HECM Lenders – April 2016

HECM endorsements fell -6.4% to 4,243 loans in April, continuing the decline from a year ago which now totals -8.4% through the first four months. ...

HECM Lenders – March 2016

HECM endorsements dropped 1% in March to 4,535 loans. The fairly steady pace indicates that February’s big increase was more than a one month story ...

HECM Lenders – February 2016

HECM endorsements rose 17.7% in February to 4,579 loans, putting a disappointing January result in the rear view mirror. Concerns about post-FA volume levels look ...

HECM Lenders – January 2016

Looks like the coast might not be clear quite yet in the wake of Financial Assessment. HECM endorsements fell -8.1% to 3,890 loans in January ...

HECM Lenders – December 2015

HECM endorsements rose 5.2% in December to 4,233 loans after three consecutive months of decline. That’s encouraging although based on the data we’re seeing from ...

HECM Lenders November 2015

HECM endorsements dropped -7.1% in November to 4,023 loans defying (for now) our prediction from a few months back that we’d see volume below 4,000 ...

HECM Lenders October 2015

HECM endorsements fell -7.3% in October to 4,332 loans. The continued decline shows the impact of Financial Assessment implementation earlier this year as the pre-implementation ...

HECM Lenders Sep 2015

HECM endorsements dropped -18.8% to 4,671 loans in September, ending a very solid 3 month run of volume inflated by borrowers funding loans ahead of ...